Purpose

The Hong Kong foreign exchange market is an international forex market that developed in the 1970s. Relying on its superior geographical location, sound financial system, and comprehensive legal framework, Hong Kong has become one of the important forex trading centers in Asia. To help investors or practitioners gain a more comprehensive understanding of forex brokers in the region, the team conducted an on-site visit to Hong Kong.

Process

This time, the team planned to visit the forex broker Alpha in Hong Kong, China. According to public information, its office address is Room 02B-03A, 23/F, Sino Plaza, 255-257 Gloucester Road, Causeway Bay, Hong Kong.

A professional and experienced team, with a sense of mission to strictly scrutinize for investors, followed a meticulous plan and went to Hong Kong, China. They conducted an on-site verification of the broker Alpha claiming to be located at Room 02B-03A, 23/F, Sino Plaza, 255-257 Gloucester Road, Causeway Bay, Hong Kong.

The team arrived smoothly at Sino Plaza, which is located in the bustling area of Causeway Bay with a thriving commercial atmosphere. However, no company signage or related information was found outside the building.

The team entered the lobby of the building and stated their purpose to the security guard. After communication, they obtained permission to enter.

After arriving at the target 23rd floor, the team found that there was no obvious signage for the office area of Alpha and no related security measures. Although they were able to reach the specific floor and confirm the location, due to the inability to find any information related to the company in the building, they could not enter the so-called 'office area', nor could they take photos of the reception desk and its logo. At the same time, it was determined that the area is not a shared office.

Through the corridor on the floor, because entry was not allowed, they could not see the internal environment of the company, etc. Overall, it was impossible to determine whether it matched its claimed status. After arrival, the address was confirmed, but no information about the broker was found. The security guard also informed that there was no such company, so it was judged to be false. Therefore, after the on-site inspection, it was confirmed that the broker Alpha does not exist at the above address.

Conclusion

The team visited Hong Kong, China as planned to conduct an on-site investigation of the forex broker Alpha. At the publicly displayed business address, the broker's company name and other information were not visible, indicating that the broker does not have a genuine place of business. Investors are advised to make their decision after comprehensive consideration.

Disclaimer

The above content and opinions are for reference only and do not serve as the basis for final decisions.